As a shareholder, like many of you i'm very frustrated with the endless delays and red-tape of dealing in India. I'm not berating our management here, i'm sure they are equally frustrated!
However I can personally state I will never invest another $ in any business looking to partner with India based company. I understand we are dealing with critical infrastructure, but we have already:
1. Had legal approvals from 2 state based multi-billion dollar companies.
2. Passed through the Indian Parliamentary approval process
3. Provided a costly and time consuming feasibility study.
4. Received approval from Aust govt R&D funding
5. Now we are to wait for a rubber stamping govt body to take months to approve what has already been scrutinised by how many people????
India ranked 134 of 189 on the World Bank’s ease of doing business indicators in 2015, (improving to 130 of 189 in the 2016 rankings released last October). Hope I dont get surveyed for 2017 ranking!!!!
I'm more than happy to provide my details to management, and or start a petition to the India govt expressing our frustrations. If India is serious about being an international economic powerhouse and following in China footstep then they seriously need to learn how to get stuff done in a timely fashion.
I also think as a business we have done the hard yards in the feasibility study and it would actually be faster to move this tech to another country. I know a lot of shareholders think this is crazy but it seems to be a case of escalation of commitment, why are we afraid to explore alternatives? Our tech is potentially worth billions of dollars to which ever company/country decides to partner with us to develop....China would get this done in months, not years!
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